EU airline industry warns of fuel shortages if Strait of Hormuz stays closed
EU Airline Industry Warns of Fuel Shortages if Hormuz Remains Closed
The European airport trade group has issued a caution about potential fuel crises within three weeks if the Strait of Hormuz remains shut, raising alarms for the continent’s aviation sector. The Persian Gulf is a vital source of jet fuel, providing nearly half of Europe’s imports. Without a reopening, the organization predicts a severe shortage that could disrupt operations across the EU.
Summer Travel Season Adds Pressure
ACI Europe highlighted growing concerns over fuel availability, particularly as the summer tourism season approaches. Smaller airports, which rely heavily on consistent supply, are deemed most vulnerable to the crisis. The group emphasized that a disruption in fuel could jeopardize air connectivity and strain local economies.
A supply crunch would severely disrupt airport operations and air connectivity, risking severe economic impacts on both affected communities and Europe,” stated Olivier Jankovec, director-general of ACI Europe, in a letter addressed to European energy and tourism commissioners.
Global Airlines Adjust Operations
Several airlines worldwide have already reduced flight schedules and raised passenger fees due to fears of fuel scarcity. Last week, the European benchmark for jet fuel reached a record high of $1,838 (£1,387) per tonne, compared to $831 before the conflict began. This surge has forced airlines to reassess their operational strategies.
Call for EU Intervention
Jankovec urged the EU to take swift action, arguing that market forces alone cannot prevent the crisis. He criticized the absence of a unified assessment of fuel production and availability, suggesting collective purchasing and temporary removal of import restrictions could alleviate pressure. The letter, dated 9 April and first reported by the Financial Times, also called for renewed support for sustainable aviation fuel (SAF) to ensure long-term affordability.
Higher Fuel Prices Expected
The letter noted that conventional jet fuel prices are likely to stay elevated for the medium to long term. It warned that even airports with annual passenger numbers below a million are struggling to maintain viability, further compounding the risks posed by the current fuel shortage. This situation could weaken the resilience of regional airports and threaten the stability of European communities.
Economic Impact of Air Travel
Air travel generates €851bn (£741bn) annually for European economies and sustains 14 million jobs. The ongoing crisis, if unresolved, could disrupt this contribution, underscoring the urgency for coordinated measures to safeguard the sector’s future.
